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PowerGrid pays Rs 103-cr compensation for land

28 Dec 2010 Evaluate

acquisition in the last two years. The land was acquired for construction of sub-stations and compensation was offered according to the demand of the state government.

The company has paid a total of Rs 102.91 crore in 11 states as compensation in 2008-09 and 2009-10. The states include - Uttar Pradesh, Uttarakhand, Rajasthan, Haryana, Tamil Nadu, Pondicherry, Madhya Pradesh, Maharashtra, Punjab, Karnataka and Andhra Pradesh.

PowerGrid does not acquire any land for construction of transmission lines. However, for construction of sub-station, land is acquired by the concerned state government according to the Land Acquisition Act, 1894, as amended from time to time. A group of farmers from Gujarat, in November, had challenged the land acquisition process undertaken by the PowerGrid in the Gujarat high court. PowerGrid had begun acquiring land between south Gujarat and Navi Mumbai for its 440 KV line.crackcrack

Power Grid Corp Share Price

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